Sarah Pringle
More fallout from the coronavirus--healthcare conferences are cancelled but insiders say don't panic
The transaction comes a day after Blackstone's growth-equity team clinched an approximately $730m deal for HealthEdge, representing the strategy's first healthcare-focused investment to date.
KKR is providing new capital from its $1.45bn Healthcare Strategic Growth Fund to fund the merger, as well as to support the continued growth of the combined company.
Coronavirus is the talk of the town and celebrating women in healthcare private equity.
San Francisco's GI Partners scooped up Logibec in January 2015 from OMERS Private Equity.
The Cantor Fitzgerald-run process could result in a sale to one of a small handful of logical strategic buyers, sources said.
Power begets power, and women running the show could be the most effective solution for changing the makeup of private equity.
Including a fifth acquisition set to close in two weeks, the retina-focused PPM produces combined EBITDA of $80m-plus.
A lot of deals going on that crisscross the healthcare and industrials sectors
Companies providing services to drug-makers are particularly hot.
Sales of recent assets have commanded EBITDA multiples in the mid-teens to 20x.